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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net increase (decrease) in net assets resulting from operations $ 174,936,959 $ (190,208,450) $ 80,418,616
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of short-term investments (6,476,139,465) (14,886,123,153) (7,773,697,622)
Sales/maturities of short-term investments 6,946,868,283 15,054,622,653 7,442,051,201
Accretion of discount (21,386,248) (24,490,437) (9,702,292)
Net realized (gain) loss on short-term investments (96,367) (3,343) (2,812)
Net change in unrealized appreciation/depreciation on short-term investments (38,916) (77,730) 59,334
Change in operating assets and liabilities:      
Receivable for variation margin on open futures contracts 920,643 4,637,434 (5,558,077)
Payable for variation margin on open futures contracts 5,952,581 0 (1,187,213)
Sponsor’s fees payable (340,100) (41,821) 206,124
Brokerage commissions and fees payable (8,046) 2,171 (5,102)
Net cash provided by (used in) operating activities 630,669,324 (41,682,676) (267,417,843)
Cash Flows from Financing Activities      
Contributions for Shares issued 180,290,776 281,055,224 346,345,925
Distributions for Shares redeemed (789,751,239) (271,125,530) (72,418,741)
Net cash provided by (used in) financing activities (609,460,463) 9,929,694 273,927,184
Net increase (decrease) in cash and cash equivalents 21,208,861 (31,752,982) 6,509,341
Cash      
Beginning of year, Unrestricted — cash 10,033,297 41,786,279 35,276,938
End of year, Unrestricted — cash $ 31,242,158 $ 10,033,297 $ 41,786,279